In June 2025, LyondellBasell entered into an agreement for the sale of select olefins and polyolefins assets and the associated business in Europe located in Berre l'Etang (France), Münchsmünster (Germany), Carrington (United Kingdom), and Tarragona (Spain). The company expects to recognize a loss on sale of approximately $700 million to $900 million upon closing.

10-QQuarterly reportFiled Aug 1, 2025Period of report Jun 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

In June 2025, LyondellBasell entered into an agreement for the sale of select olefins and polyolefins assets and the associated business in Europe located in Berre l'Etang (France), Münchsmünster (Germany), Carrington (United Kingdom), and Tarragona (Spain). The company expects to recognize a loss on sale of approximately $700 million to $900 million upon closing.
The company said it used $228 million of cash from operating activities during the first six months of 2025, invested $1,022 million in capital expenditures and returned $1,079 million to shareholders through dividend payments and share repurchases.
Operating income increased by $171 million, or 150%, in Q2 2025 compared to the prior quarter. The company recognized a non-cash impairment charge of $32 million in Q2 related to property, plant and equipment associated with European assets classified as held for sale within the O&P-EAI segment.
LyondellBasell announced its Cash Improvement Plan in April 2025, targeting a $600 million run-rate in annualized savings for 2025. As of June 30, 2025, the company held cash and cash equivalents of $1,700 million and total debt of $11,825 million.

Key figures

Quarter ended June 30, 2025

Revenue: $7.7B
Operating income: $285M
Net income: $115M
EPS: $0.34

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Agreement on Sale of European Olefins and Polyolefins Assets

In June 2025, LyondellBasell entered into an agreement for the sale of select olefins and polyolefins assets and the associated business in Europe located in Berre l'Etang (France), Münchsmünster (Germany), Carrington (United Kingdom), and Tarragona (Spain). The company expects to recognize a loss on sale of approximately $700 million to $900 million upon closing.

Source · Based on the MD&A text of the filing

Operating Cash Flow and Shareholder Returns for 6 Months

The company said it used $228 million of cash from operating activities during the first six months of 2025, invested $1,022 million in capital expenditures and returned $1,079 million to shareholders through dividend payments and share repurchases.

Source · Based on the MD&A text of the filing

Operating Income and O&P-EAI Segment Impairment in Q2

Operating income increased by $171 million, or 150%, in Q2 2025 compared to the prior quarter. The company recognized a non-cash impairment charge of $32 million in Q2 related to property, plant and equipment associated with European assets classified as held for sale within the O&P-EAI segment.

Source · Based on the MD&A text of the filing

Cash Improvement Plan and Liquidity

LyondellBasell announced its Cash Improvement Plan in April 2025, targeting a $600 million run-rate in annualized savings for 2025. As of June 30, 2025, the company held cash and cash equivalents of $1,700 million and total debt of $11,825 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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